While Paramount Group Inc has overperformed by 0.65%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PGRE fell by -2.57%, with highs and lows ranging from $5.92 to $3.89, whereas the simple moving average fell by -2.07% in the last 200 days.
On November 13, 2023, BofA Securities Downgraded Paramount Group Inc (NYSE: PGRE) to Underperform. Morgan Stanley also Downgraded PGRE shares as ‘Equal-Weight’, setting a target price of $6.50 on the company’s shares in a report dated November 23, 2022. Evercore ISI November 21, 2022d the rating to Underperform on November 21, 2022, and set its price target from $8 to $6.50. BTIG Research October 19, 2022d its ‘Buy’ rating to ‘Neutral’ for PGRE, as published in its report on October 19, 2022. Mizuho’s report from January 20, 2022 suggests a price prediction of $10.50 for PGRE shares, giving the stock a ‘Buy’ rating. Evercore ISI also rated the stock as ‘In-line’.
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Analysis of Paramount Group Inc (PGRE)
A return on investment can be expected regardless of PGRE’s performance over the next quarter with the dividend set at $0.18 per share. Further, the quarter-over-quarter increase in sales is 4.59%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Paramount Group Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -7.65% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and PGRE is recording an average volume of 1.69M. On a monthly basis, the volatility of the stock is set at 3.83%, whereas on a weekly basis, it is put at 3.43%, with a gain of 2.19% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.64, showing decline from the present price of $4.67, which can serve as yet another indication of whether PGRE is worth investing in or should be passed over.
How Do You Analyze Paramount Group Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 18.02%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 64.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PGRE shares are owned by institutional investors to the tune of 64.70% at present.
